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Leverage Technology to Deliver a Better User Experience

The wheel was invented around 5,000 years ago, but it was another 4,900 or so years before the first mass-produced automobile rolled off the line. Humans flew to the moon 66 years after that. Twenty-two years later the World Wide Web came online and just six years after that, the first social network was born. One of the key features of the Digital Age – … Read More

COMMLOAN HELPS INVESTOR SECURE FLEXIBLE OPTIONS

Multifamily in Phoenix, Arizona

Opportunity
The sponsors had worked with CommLoan in obtaining the bridge financing for the acquisition and the rehab for the property. The rehab was just completed, and the sponsors were unsure if they wanted to sell or refinance the property based on the current market conditions.

Solution
CommLoan was able to recapitalize resulting in $250,000+ cash back to the … Read More

MULTIFAMILY CONTINUES TO RULE CRE

By CommLoan Admin, Categories CRE News

Original Article: August 13, 2019 GlobeSt.com

IRVINE, CA—The multifamily sector showed the most robust growth amongst all CRE sectors—multifamily, office, industrial, retail and hotel—in the first quarter of 2019, according to Ten-X Commercial’s Multifamily Market Outlook.

The first quarter of 2019 marked the first time in five years there was a decline in the number of … Read More

COMMLOAN CLOSES $18MM IN LOANS DURING JULY, TOTALING $27.7MM IN PROPERTY VALUES

Multifamily in Buckeye

$3,900,000 Loan
Multifamily in Buckeye, AZ
Acquisition
Lender: Bank

“I worked with Mitch and David for a purchase loan of condos community, they committed to what they initially quoted to me and they got a best rate for me and also very low cost and worked … Read More

COMMLOAN CLOSES ANOTHER 1031 EXCHANGE

Multifamily in Phoenix, Arizona

Opportunity
A long-time California investor sold a property in California to acquire his first turnkey multifamily property in Phoenix. The Sponsor was using funds from a 1031 exchange and wanted to secure the best terms available at an aggressive rate, with a minimum of a 10-year maturity.

Solution
With the efficiencies of the technology platform, CommLoan was able to … Read More

Multifamily Remains Top Investment Asset Class

By CommLoan Admin, Categories CRE News

Original Article: June 11, 2019 GlobeSt.com

Multifamily continues to be the top target asset class for investors. According to a new report from AppFolio, most investors are planning to allocate capital to multifamily investments this year, followed by office and industrial asset classes. Of the investors surveyed, 68.3% said they are planning to put investment dollars … Read More

COMMLOAN HELPS BORROWER SECURE AN AGGRESSIVE 10 YEAR RATE

Multifamily in Grand Junction, Colorado

Opportunity
The Borrower was seeking a permanent loan to pull some cash out of his hotel-to-apartment converted property. He had worked with other reputable mortgage brokers in the past year, but was unable to procure the terms he was looking for.

Solution
Utilizing the CUPID platform, CommLoan was … Read More

Hospitality and Multifamily Are Merging

By CommLoan Admin, Categories CRE News

Original Article: May 21, 2019 GlobeSt.com

The worlds of hospitality and multifamily are becoming more intertwined. Multifamily owners are incorporating more amenities and services into properties to drive occupancy and rents. Today, people are renting later into life and want a high-end living experience. These services include concierge services, furnished units and short-term rentals.

“The labor … Read More

Betway Challenge

The odds of any die roll coming up is calculated by ascertaining the variety of potential ways the outcome could be generated, divided by 36 . “Horn Bet.” If the shoot lands on 2, three, eleven, or 12, the bettor wins a return decided by the quantity shot. A “Place” guess is similar to an Odds wager however doesn’t offer “true odds” the way in which an Odds wager does. A Place wager can be made whether a Pass Line guess has been made or not. If the participant shoots 2, 3, or 12, this worth known as “crapping out” and the shooter automatically loses his/her Pass Line bets. If a shooter by chance shoots the dice off the desk, the stickman or other on line casino official inspects them before they can be used once more in gameplay. At least one “boxman” (or “boxwoman” or “boxperson”) displays the whole sport, settling disputes and visually confirming fair play on the part of both players and dealers.

COMMLOAN HELPS BORROWER SECURE 95% OF TOTAL PROJECT COST

Multifamily in Phoenix, Arizona

Opportunity
The Borrower was interested in acquiring a multifamily property in Phoenix. Although the building was stabilized and produced cash-flow, the Borrower saw the potential of making some additional improvements. The Borrower needed a lender that would be able to provide not only a competitive rate, but also enough loan proceeds to cover the rehab costs.

Solution
With the … Read More